Electroencephalography Equipment Market by Product (EEG equipment, and EEG Accessories), Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring Trauma & Surgery and Others), and End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Laboratories, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2026
The electroencephalography equipment market accounted for $1,403 million in 2018, and is expected to reach $1,999 million by 2026, registering a CAGR of 4.5% from 2019 to 2026.
Electroencephalography (EEG) equipment are used to conduct a test to study the electrical activity of the brain. This test is called as electroencephalogram and it provides insights related to fluctuations in brain wave. Moreover, the test is non-invasive and includes the use of electrodes that are placed on the scalp of the patient. These devices are employed for diagnosis of various diseases such as epilepsy, Alzheimer’s diseases, and others. Furthermore, EEG equipment is also used to monitor sleep pattern in an individual. EEG equipment are used in intensive care units of hospitals to monitor the brain function of the patient. At diagnostic centers, these devices are used to diagnose brain disorders and at research laboratories to study action of drugs on the brain.
Rise in geriatric population and surge in adoption of EEG equipment in surgery centers are the factors that boost the growth of the global EEG equipment market. Moreover, the other factor that fuels the growth of the market include increase in prevalence of neurological disorders such as epilepsy and Alzheimer’s disease. Furthermore, technological advancements in the field of EEG equipment also contributes to the growth of the global EEG equipment market. However, presence of substitute products in the market is a factor that hinders the growth of the market. Conversely, growth potential in developing nations is expected to provide lucrative opportunity for the global EEG equipment market during the forecast period.
The electroencephalography equipment market is segmented based on product, application, end user, and region to provide a detailed assessment of the market. Based on product, the market is divided into integrated EEG system, portable EEG system, and EEG accessories. Based on application, the market is divided into brain monitoring, sleep monitoring, and anesthesia monitoring. On the basis of end user, the market is classified into hospitals, diagnostic & medical laboratories, and others. Based on region, the electroencephalography equipment market size is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
This report entails a detailed quantitative analysis along with the current global electroencephalography equipment market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
Key Market Segments
Integrated EEG Systems
Portable EEG Systems
By End User
Diagnostic & Medical Laboratories
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
List of key players profiled in the report:
Advanced Brain Monitoring, Inc.
Cadwell Industries, Inc.
Fresenius SE & Co. KGaA
General Electric Company (GE Healthcare)
Koninklijke Philips N.V. (Philips Healthcare)
Natus Medical Incorporated
Nihon Kohden Corporation
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report.
NeuroWave Systems Inc.
NCC Medical Co. Ltd.
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